press release

Hut 8 Operations Update for April 2024

May 6, 2024
Posted by  Hut 8

  • 26.6 EH/s and 1.2 GW under management
  • Salt Creek site fully energized and Cedarvale site partially energized
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Notes
  1. As of the end of the period.
  2. Includes all Self-Mining, Managed Services, and Hosting infrastructure, including 100% of the energy capacity at the King Mountain site, which is owned by the King Mountain JV in which the Company has a 50% membership interest and a Fortune 200 renewable energy producer has the remaining 50% membership interest (the “King Mountain JV”).
  3. Includes 215 megawatts assuming full capacity at Cedarvale, which was partially energized at the end of April.
  4. Includes all miners that are racked with power and networking, rounded to the nearest 100, in Self-Mining, Managed Services, and Hosting infrastructure with power and networking, including all miners at the King Mountain site.
  5. Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the King Mountain site.
  6. Self-Mining operations for Hut 8 include 100% of operations at the King Mountain site.
  7. Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100; deployed self-mining miners net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 35.9K during April and 46.1K during March.
  8. Indicates the target hashrate of all deployed miners; deployed self-mining hashrate net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 3.6 EH/s during April and 4.5 EH/s during March.
  9. Bitcoin produced net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 115 BTC during April and 192 during March.
  10. The Managed Services figures reflected in this table include the Self-Mining and Hosting metrics from the sites where Hut 8’s Managed Services business is an additional service layer in the operation of the site (at Kearney, Granbury, King Mountain, Rebel, Stiles, East Stiles, and Garden City). As a result, the sum of the Self-Mining, Managed Services, and Hosting numbers will not add up to the “Total energy capacity under management”, “Total deployed miners under management”, and “Total hashrate under management” figures that are also reflected in the table.
  11. Miners are rounded to the nearest 100.
  12. 6K deployed miners under management net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner during both April and March.
  13. 7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during April and March.
  14. Sites were previously consolidated into a single site called ‘Hotel’ but are now being reported separately.